TSX Closes Higher on Miners and Banks Gains

2026-08-21 20:18 By Isabela Couto 1 min. read

The S&P/TSX Composite Index rose 0.7% to close at 36,620 on Friday, supported by gains in mining and banking stocks.

Gold prices held onto their gains after the US signaled it would increase Treasury note and bond buybacks in the secondary market.

Agnico Eagle gained 2.3%, Barrick rose 2.9%, and WPM jumped 4.9%.

Financials also traded mostly higher following weaker-than-expected retail sales data, as softer consumer spending reinforced expectations that the Bank of Canada will keep interest rates unchanged next week.

BMO gained 0.6%, while Scotiabank added 1%.

Fairfax Financial (+0.2%), a frontrunner to acquire the Indian government’s stake in IDBI Bank, is set to be given up to two years to consolidate its Indian banking holdings, potentially easing the acquisition process.

Retailers traded mostly lower, with ARD down 0.4%, Loblaw shedding 0.7%, and Dollarama losing 0.5%.



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TSX Closes Higher on Miners and Banks Gains
The S&P/TSX Composite Index rose 0.7% to close at 36,620 on Friday, supported by gains in mining and banking stocks. Gold prices held onto their gains after the US signaled it would increase Treasury note and bond buybacks in the secondary market. Agnico Eagle gained 2.3%, Barrick rose 2.9%, and WPM jumped 4.9%. Financials also traded mostly higher following weaker-than-expected retail sales data, as softer consumer spending reinforced expectations that the Bank of Canada will keep interest rates unchanged next week. BMO gained 0.6%, while Scotiabank added 1%. Fairfax Financial (+0.2%), a frontrunner to acquire the Indian government’s stake in IDBI Bank, is set to be given up to two years to consolidate its Indian banking holdings, potentially easing the acquisition process. Retailers traded mostly lower, with ARD down 0.4%, Loblaw shedding 0.7%, and Dollarama losing 0.5%.
2026-08-21
TSX Rises on Mining and Major Banks Gains
The S&P/TSX Composite Index rose nearly 1%, supported by gains in mining and banking stocks. Gold prices held their advanced after the US signaled it would buy back more Treasury notes and bonds in the secondary market. Agnico Eagle gained more than 1.5%, Barrick added about 2%, and WPM rose over 3%. Major banks also advanced following weak retail sales estimates, softer consumer spending reinforced expectations that the Bank of Canada will keep interest rates unchanged next week. RBC, TD Bank and BMO gained about 1% each. Meanwhile, Fairfax Financial (+0.7%), a frontrunner to acquire the Indian government’s stake in IDBI Bank, is set to be given up to two years to consolidate its Indian banking holdings, potentially easing the acquisition process. Retailers traded mostly lower, with Dollarama losing more than 0.5%.
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TSX Futures Rise on Higher Gold Prices
Futures tracking Canada’s stock market moved higher on Friday as rising gold prices supported mining stocks. Gold prices advanced after the US signaled it would intervene in its bond market. Still, financials stocks and the broader market remained under pressure amid elevated bond yields and energy-driven inflation concerns. Meanwhile, Fairfax Financial, a frontrunner to acquire the Indian government’s stake in IDBI Bank, is set to be given up to two years to consolidate its Indian banking holdings, potentially easing the acquisition process.
2026-08-21